HAL 28Nov | HourlyHAL is in bullish setup
Higher High Higher Low
Leading Diagonal Formation
Alert: MACD divergence
Previous day high can be a good entry for 4534-50-84 SL 4435
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For any market related decisions contact your financials advisor.
Intradaystock
9 and 15 Moving average crossover intraday stocks 12/11/2024Stock recommendation:-
9 and 15 Moving average crossover intraday stocks for tomorrow
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Trent - Best Intraday stocks for tomorrow 14 Oct 2024 Trent has outperformed Nifty in past days and there is high probability of continuation of its performance.
So for tomorrow in my opinion it will be best for intraday trading but when to trade?
Condition 1- If price falls or opens gapdown then it will best to buy after support creation.
Condition 2- if opens flat or Little gapdown and moves upside towards previous trading sessions resistance then, price should take a halt at resistance levels then it will be good opportunity to buy at resistance break.
Condition 3- if price opens Gapup and creates a selling swing and test previous trading sessions resistance (which may act as a support) then after creating support or W PATTERN price will bounce
PNB, Intraday View for 5-JulyContinuously the price is facing resistance from the level of 122 and the price has failed to close above the level of 122. But today we have a very weak negative candle. So, the trend is negative with weak strength.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty on Radar, View for 25-JuneToday we got the same move as we discussed on yesterday. Now the price has broken the support of 126 but we have a hammer candle. For tomorrow the volatility could be high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 21-JuneFor 3 consecutive trading sessions the price is strongly rejected by the level of R1-130. Still the price is trading in the positive zone. There is no change in the structure and in levels.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 20-JuneToday we have an indecisive candle in the positive zone. The probability of gap up or gap down is very high. But there is no change in the structure.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 19-JuneThere is no change in the structure and the price has failed to close above 130.
But the price is still in the positive zone.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 18-JuneDuring the convergence of bands the price has given the break of structure on the upper side. For tomorrow the intraday range on the upper side is 130 to 136 and on the down side is 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 11-JuneToday we have a gravestone doji candle, which has been formed after a move of 23%.
Also the price is in a compression zone.
The price could test the support level S1-122 and if broken then S2-110.45
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 10-JuneThe price is trading in the compression zone or in the neutral zone.
For intraday the levels of S1-122 and R1-130 are important to watch.
Above 130 - Uptrend
Below 122 - Downtrend.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 7-JuneThe price is rejected by the LTMA band.
The probability of a red candle is high, more than 60% on the probability scale.
The level of 120.75 is important to consider for tomorrow's intraday trade.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
CIPLA, Triple Top PatternToday we have an indecisive candle with a high of 1,514,20.
The price has made a triple top pattern.
Tomorrow's candle will clear whether the price has respected the pattern or not.
Trade accordingly.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 6-JuneThere are two main levels to watch one is S1-120.75 and the other is R1-131.55
And today the price has managed to close above the S1.
Also keep in mind above 131.55 we will be in a positive trend and below this level we are in a negative zone.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 5-JuneToday's huge red candle has changed the structure dynamically.
The next important level to watch is the demand zone of 95 to 100.
But for sure we could see high volatility until the price has not settled down.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 4-JuneToday we have a gap up opening of more than 4% and the price has closed on the resistance level.
Wait for the price to settle down.
CMP:137
R1:137 | R2:142.90
S1:123.50 | S2:119
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 3-JuneA bullish hammer candle has been formed and given the breakout of the compression zone.
Also the degree and nature of separation in both bands indicate the start of an uptrend but we need a confirmation candle.
CMP-129.45
R1-131.55
S1-123.50
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 31-MayAnother Inverted Hammer Candle shows the weakness in the price.
The price is being strongly rejected by the levels of 130.
The probability of a strong bearish candle is more than 70%.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 30-MayToday we have an inverted Hammer candle.
The price is trading in the compression zone.
The probability on the down side is more than 50%.
CMP-128.05
The price could test the levels of 123.50
And if reversed then the level of 131.55 is important.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 29-MayTrend - Positive
Strength - Medium
Probability > 50%
Today we have a red candle with High High and High Low.
The price could test the level of 137.
CMP : 128.20
Resistance : 137
Support-1 : 123.50
Support-2 : 119
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 22-MayAfter a strong break of structure, the price has been trapped in the compression zone. Also today the price is rejected by the resistance level of 128. The probability of a negative candle is more than 65%. For Intraday the level of 128 and 124 is important for trade decisions.
Intraday 5m | Trend Negative
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BIKAJI FOODS INTERNATIONAL : SHORTUnited States Based FMCG Company , listed in Nov 2022 is Still waiting for price correction. The subscription stock value which was Rs. 285 jumped to 450 within 3 days and since then there is continuous fight for Price correction. We can see the triangle pattern on the chart where the price was getting continuous rejection from resistance level @ 448.20 , However , the buyers were aggressively not letting the the price below pervious swing. However it seems that the stock has just broken the trend line and price correction may occur any time with break down@ 373.35.
Good stock for Intraday Selling Trade in Bearish Market. The indicators are as under
CMP : 373.35
MA50 : 392.44
MA200 : 355.02
RSI (14): 39.606
ADX(14) : 53.77 ( High Directional Strength )
ATR (14) :10.58 ( Less Volatile )
MACD ( 12,26) : -5.99
Although , we can not ignore the case of Break Out from this range, but I would prefer to with Shorting as the Stock is over priced and need their first price correction. Hence the probability of Break down is much higher than that of break out.
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